Republic Services (NYSE:RSG) Price Target Raised to $219.00

Republic Services (NYSE:RSG) had its target price hoisted by investment analysts at Oppenheimer from $210.00 to $219.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price would indicate a potential upside of 7.81% from the stock’s current price.

Several other brokerages have also recently weighed in on RSG. CIBC upped their price target on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. BMO Capital Markets upped their price objective on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. William Blair began coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $192.00 to $220.00 in a research note on Thursday, July 11th. Finally, Scotiabank assumed coverage on Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target for the company. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.18.

Republic Services Trading Down 0.8 %

Shares of NYSE RSG traded down $1.66 during mid-day trading on Monday, reaching $203.14. The company had a trading volume of 156,287 shares, compared to its average volume of 1,137,276. Republic Services has a 52 week low of $142.65 and a 52 week high of $208.69. The business’s 50-day moving average is $203.92 and its 200-day moving average is $195.94. The stock has a market cap of $63.98 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 3.30 and a beta of 0.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. Equities analysts expect that Republic Services will post 6.18 earnings per share for the current year.

Insider Transactions at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Wolff Wiese Magana LLC lifted its stake in shares of Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Republic Services during the 1st quarter worth approximately $29,000. Webster Bank N. A. purchased a new stake in shares of Republic Services in the third quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services in the second quarter valued at approximately $36,000. Finally, Indiana Trust & Investment Management CO purchased a new position in Republic Services during the second quarter worth approximately $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.